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Article: Temple-Inland Inc. Receives Notice of Intent to Nominate Directors.
- Article from:
- Business Wire
- Article date:
- February 17, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas -- Temple-Inland Inc. (NYSE:TIN) said today that it received notice from certain affiliated entities of Carl Icahn that the Icahn entities plan to nominate candidates for the Board of Directors at the Company's 2005 annual meeting of shareholders. These candidates would be in opposition to three current directors nominated for re-election to the Company's Board of Directors. The Icahn entities have indicated in the notice that they own a total of approximately 1.2 million shares of Temple-Inland common stock, or approximately 2% of the stock outstanding.
The Board of Directors and management continue to pursue a well defined and communicated ...